Tag Archives: QuickBooks Enterprise

Available NOW: QuickBooks Essentials LiveLessons (Video Training)

Posted on December 9, 2011 by Laura Madeira

We’re happy to announce the availability of our QuickBooks Essentials LiveLessons video training course at Safari Books Online. Video includes: • Six+ hours of video instruction • Over 50 tips and techniques • Skills you can learn in fifteen minutes … Continue reading →

When to Use Classes in QuickBooks

Posted on December 8, 2011 by Laura Madeira

When deciding to use classes, it is important that you have only one primary purpose for the class structure. If you try to track more than one “type” of class, the value in the reporting is diminished. For example, your … Continue reading →

Accrual or Cash Basis for Profit & Loss Reports in QuickBooks

Posted on December 6, 2011 by Laura Madeira

My recommendation is that business owners view their business Profit & Loss report in accrual basis. This method more accurately matches their expenses with the related revenue in the same accounting period. The business’s accountant can then review the data … Continue reading →

How to Mark Accounts as Inactive in QuickBooks

Posted on December 1, 2011 by Laura Madeira

Need to mark several accounts as inactive? Simply select the Include Inactive check box at the bottom of the Chart of Accounts list (after at least one account is inactive), as shown below. You can mark any list item you … Continue reading →

How to Download a Report Template for QuickBooks

Posted on November 29, 2011 by Laura Madeira

Did you know that you can download a report template from the QuickBooks website that you can import into your data or your clients’ data to provide this detail and other useful reports? See Chapter 16, “Reporting Tips and Tricks,” … Continue reading →

How to Set Date Warning Preferences in QuickBooks

Posted on November 23, 2011 by Laura Madeira

Fortunately, QuickBooks preferences help avoid transaction dating errors by enabling you to set a warning for date ranges. To open the date warning preference, follow these steps: 1. Log into the QuickBooks data file as the Admin or new External … Continue reading →

How to Alert Users Who Try to Post Transactions to Retained Earnings in QuickBooks

Posted on November 10, 2011 by Laura Madeira

Did you know that you can set a preference to warn users if they try to record a transaction to the Retained Earnings account? Click Edit > Preferences and select the Accounting preference on the left. Click the Company Preference … Continue reading →

QuickBooks Multiyear Bank Reconciliation Tip

Posted on November 8, 2011 by Laura Madeira

If you are choosing to complete a multiyear or multimonth bank reconciliation, consider reconciling through the last month of your previous fiscal year, which for most companies would be your statement ending December 31, 20xx. Choosing a month to reconcile … Continue reading →

QuickBooks Reconciliation Difference

Posted on November 2, 2011 by Laura Madeira

First determine whether the amount is significant. If the answer is yes, the best method for finding errors is to review each item marked cleared in QuickBooks with the transactions listed on your bank statements. If the difference shown on … Continue reading →

What to Do Before Entering Opening Balances in QuickBooks

Posted on October 20, 2011 by Laura Madeira

Before you begin entering startup balances, make sure you have the following created in your QuickBooks data file: Chart of Accounts—This list is usually created automatically for you in the EasyStep Interview or the new Express Start with QuickBooks 2012. … Continue reading →